tv Lou Dobbs Tonight FOX Business December 8, 2012 4:00am-5:00am EST
the president and speaker have taken no concrete steps to resolve the so-called fiscal cliff. president obama remains insistent that republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets
seris about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. the nation now just 24 day away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pesi sys we cannot get our way to deficit reduction.
listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in my homes across america ad is a very, very lean time. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary of reducing spending. >> the european communitynow is concerned about all the austerity. there are many, many things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- u: the senate's top democrat believes we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with
economic and budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress report because there is no progress to report. the white house has wasted another week. there are a lot of things that are possible to put the revenue on the table, but none of it is going to be possible. the president insists on his position. insists on my way or the highway. lou: inconveniently the congressional budget office today reported that the federal deficit is already bulging. the cbo reports for thee first two months of fiscal 2013 that number $2,902,000,000,000, $57 billion more han the same two month time span last year. an the labor department today reported the unemployment rate fell to the 77%. good news, the lowest jobles
rate in four years. the lower unemployment rate, however, the consequence of the more than 300,000 people who dropped out of the work force altogether just last month. when counting the underemployed and those who have given up their search for work, the real unemployment rate amounts to a 14th 4%. my next guest says the obama administration is punishing jo producers and subsidizing a withdrawal from the work force. joining us now, one of the country's most thoughtful, provocative political and economic thinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal work in it is grt to have you with us. some people upon closer inspection, it is not good news and people are leaving the work force. >> it sure isn't. we are paying people to leave the workforce. some $1 trillion offpayments of
various kinds to keep people from working and to break up their families and to demoralize their earnest. it is -- it ignores the elephant in the room which is a massive departure of the prime age man from the work force. it i accelerating today. and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your
way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big surplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to surplus. lou: this country has a long history. >> and new zealand. lou: this country, if we can be parochial allotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, returning to a clintonnera tax rates, it would be a wonderful boon if we were to be able to also return to the baanced budgets of he clinton years, if we could return to the trillion dollar peace dividend that the bush years left on the doorstep the clinton years.
but none of that is ever examined. also, we also are the beneficiaries of a massive technology bubble and the markets. >> plants and reduced the capital gains tax by 30 percent. he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have done what the republicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of it, but but the reality is the repuican party has not come up with a rejoinder, a response to a, if ou will, a socialist redistributionist president who right now claims the field is on because there is no other
standard flng over that field. there is a speaker of the house to is simply saying, this is not right. you know, we are not at the table and complainingbut not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are payi about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate those tax rates and you will get less revenues, more capitol flight from the united states. we have the first net capital flight in decades. more departure of high-tech immigrants from the united stateseturning home to china.
lou: democrats to feed the stamp act, science, technology, engineering, and mathematics. immigrts into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my god. d they do so rejecting that law, that bill and prevent it from becoming law because they want to have a lottery. for crying out loud. the absurdities compound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal t rates. the already rich -- lou: whatabout the young man or
woman in this country who is not an entrepreneur, is not a bg shot, is not in middle management in a big corporation. they won a break. they won an opportunity. they want to live the american dream. why can't the republicans talk to them? >> i hink that they are being talked to. a great speech th other day in which he specifically addressed this aspiration, widespread among all americans to rise up. this is what supply-side economics is. is surge of economics. it is not trickle-down as some people caricatured. lou: you have heard that expression for 30 years. >> i never said it. lou: i'm amazed to hear the phrase escape ... but you mention one senator, and a very good one. probly one of the very best in the republican communicators. why isn't a party organized around that very idea and that
message and have a coherent campaign for the arts and minds of those who have the most benefit? >> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language. echoes the demoralization of the media and the -- lou: let's raise some hell, george. let's raise some hell and get some people focused on the right things here. always great to talk to you. >> thank you. lou: george gilder. much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhood. syria apparently mixing chemcal weapons. the foundation for defense of democracy joins us here in monts. the unemployment rate drops. so did the number of workers in the labour force.
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♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gains. the nasdaq weighed down by another bad day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today.
the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three. apple investors are having a rough time with the dow down. the stock down 9 percent this week. but even with that selling, the stock remains up30% year-to-date. wall street analysts say much of the selling can be explained by investors looking to avoid possibly having to pay gains on the sale of that stock at a higher rate next year. others simply taking profits. financial stocks strong. today j.p. morgan chase led the weight. news that it is expanding the numbers of its branch offices. research shows consumers have to walk into an office to do there banking. he knew that? bank of america also higher. two separate reports showed two very different aspects of consumer behavior. consumer debt soaring $14 billion.
the third straight month of gains. anthe latest reading on consumer confidence shows confidence declining. phar-mor sharply than had been expected by most economists. my next guest is concerned that we are going over the fiscal cliff. he says, president obama seemingly is intent on pressing his post-election advantage to win tax increases on the wealthy and to eliminate the houses debt ceiling leveraged. joining us now from washington d.c., peter wallace, former reagan white house counsel, former member of th financial crisis inquiry commission. a senior fellow at the american enterprise institute. good to have you here. you believe they're going over the cliff. >> i think their is a real danger of this. one can see a path for obaa that does not look so terrible if we do go over the cliff. all of the taxes go up, but the democrats have an opportunity to introduce legislation to reduce the taxes for 98 percent of the
people leaving the wealthier people, i guess you could call them wealthy, the top two percentage to stay at the high rates. it is possible to do this. lou: it is possible, but i have to ask you, surely te republicans have to undestand and had to understand six months ago what what transpired in this lame duck session of congress? what this president would press forward to. the fiscal cliff, the result of sequestration and agreements between the two parties, capitol hill and the white house. why would they not have thought out a position here? >> you know, one of the things that puzzles me about this is, even today the debate that the republicans are engaged in is really a debate with themselves. the media talks about the tax increases. that is almost all the talk about. and the only thing that makes sense o the republicans is to try to get some serious control
over the entitlements. that is why they're in this game. and yet you hear very little from the republicans. you would think that the speaker would get out and say, look, we are ready to talk about -- we are ready to talk about new revenue, but i am not going to even get into that issue until the president moves his party. we know what the problem is. the democrats don't want to talk an entitlement reductions in all. the republicans don't want to talk about taxes. but the real issues facing this country, controlling spending, not raising taxes. lou: not according nancy pelosi. i don't know if you saw. we reported up the top. >> i didn't. lou: the minority leader actually said, you cannot cut your way to deficit reduction. i mean, this is the kind of mentality that speaker boehner must confront and deal with. one would think thawoulde a winner for him, but apparently not.
>> i'm saying i am puzzled by the fact that he does not emphasize that much more andd3 really say, i'm not going to talk but taxes. taxes is not on the table until the president comes forward with the plan on enitlements. lou: you are a formidable negotiator in your own right, experience, and i just want to ask you. why would anyone who is the leader of the republican arty, frankly in a postion, not insi upon dealing with the president who has the superior power, the superior position and advantage, not insist that any negotiation be at a specic table with specific parameters and in the -- end this nonsense that is at the periphery in permeate -- permeating the media >> that's right. well, the president, and this is one of the reasons why the president may take us over the cliff. because i think he believe that he can get everything he wants by taking it right to the end
and, perhaps, over the edge. he has the big megaphone of the presidency. you can see what happens when he does anything. it's covered in the newspapers and on television. he is getting his point across, and he is keeping -- he is keeping the conversation about tax increases and whether the republicans, relatively minor tax increases, and keeping the conversation away from the major question which is how we control the out of corol entitlement spending. it is an unbelievable situation for republicans, and i cannot understandhy we aren't. lou: on this broadcast we never talk about the fiscal cliff without referring to the incipient case, there rid of it all, and that is why i elieve it is entirely appropriate told the president accountable for the fiscal cliff because this is the only bullish and work here. it is this president who has decided to issue an ultimatum. first on taxes and being raised
on only 2 percent of the people. secondly, insisting that the debt ceiling isse be compounded with it all. this is without question an ultimatum, the consequences are his. what do you think? >> well, i am afraid that even though the consequences are his, the consequences for the economy will be his. i think he is betting, i think there is pretty good evidence right now that he is betting that he can win this argument because the media and his megaphone enable him to persuade the american people that the republican will be the cause of the troubles that we will face if we go over the cliff. lou: histy is littered with examples of those to proceed and rationally so but came u against creative,energetic opposition that found a way to prevent. it always agree -- grea to talk
with yo. we appreciate you being here. >> thank you. lou: a little corporate money is not so bad. he could use that, and he apparently will. we will have that story and protesters stormed the presidential palace in egypt. the government in trouble to. how much? we don't know. can the president support help in? we take it all up with the foundation for defense of democracy here next. stay with us.
♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 11th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonght, egyptian president
urging national dialogue still, but moving forward with his referendum on an islamist back to constitution. the new york times bureau chief in cairo, david kirkpatrick insisting that the muslim brotherhood is not, and i do ," not violent by nature and have come over the last couple of decades, you off more and more into a moderate conservative but religious moderate regular old political force. well, joining us now is jonathan chancellor, former counter-terrorism analyst, current vice president of research for the foundation for defense of democracy, and it is good to have you with us. your reaction to kirkpatrick's description. >> let me first say that the brotherhood, when it was founded did have a violent army, and that was one of theeasons why the egyptian government ended up railroading get outof the political system. over time the brotherhood has
vowed to be a nonviolent organizations over the last several decades. -- lou: i am going to beg you for something because w're really pushed for time. >> yes,. u: if you will, was history and more in your judgment. >> sure. bottom line is that the brother is the cornerstone of every violent organization tat we see up there today. and so it may not actually be fostering violence itself, but it has spawned of many violent factions. lou: and in egypt your expectations as to what the course, what course will we witness taken there? prevailing, maintaining his powers? what do you expet? >> it is hard to imagine being dislodged. he sacked all of the military thatould have potentially overturn them. at this point we are hearing that the crowds are large. they see this as a zero sum gain, and it really is going to
come down to whether this secular opposition can mobilize and whether they have the tools to bring him down. it does not appear at this point that they do. lou: let's turn to syria. as you know, the secretary of state meetingwith russian counterparts in ireland today saying the united states agrees with russia and backing mediation toesolve the civil war. is there movement there or is it simply the perception of a -- of movement? >> i don't buy it. the russians are jealously guarding the port of tartus where they have a significant military and financial investment in syria. they are a patron of syria. it is very unlikely of the russians are going to help dislodge this, and that is a shame, obviously, bause th syrians are loading chemical weapons. we hear dangerous reports command of syria right now. lou: and we learn that the pen exiles, one of the exile leaders
returning to gaza today. well, not returning to, but going from which he had been banned for 45 years. your raction? and an assessment of its significance. >> sure. the political leader. this is seen as a victory. i'm not sure why they let him back in. but currently celebratg his 205th anniversary, and they are also celebrating what they describe as a victory over the israelis despite the fact that the israelis really dominated the battlefield during that war in gaza two weeks ago. lou: it's great to have you with . we thank you so much. appreciate it. >> my pleasure. lou: much more. we will take all of that up with the "a-team" here next. ♪ lou: 18 days until christmas, 24 days until the fiscal cliff. no talks on capitol hill, no talks at the white house. the president's ultimatum driving has off that cliff. the "a-team" weighs in.
michigan infamous documentarian, michael more is back, and he is angry, as always. if you plan to be part of is next movie, you had better be a union member. a low unemployment rate to a highumber of unemployed. what is going on with this economy? and what happens next year? former cbo director joins us next.
♪ lou: joining us now, the former director of the congressional budget office, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president o the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker today actually said these words.
the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. are you emotionally moved? do you think the nation is galvanized? >> i don't know if the nation is galvanized in the but i will be honest to my nervous about this. i view the clippers a genuine economic threat and a recipe for recession. weheard the secretary of treasuryaid earlier this week that he was prepared to go over the cliff, which i found shocking as the top economic official in an administration if that is the strategy, it is a very, very dangerous one. lou: it is clear, te speaker made a clear, he believes that is precisely what the president wants to do and will do. as you say, it is stunning to watch the principal economic financial figures in te obama administraration be leading a political negotiation rather than, if you will, minding over an economy filled with 23 million people unemployed all sorts of challenges at every
corner from and he is now politician. its stunning. i want to get your comments, if i made, on something that nancy pelosi said today, which reported at the top of this broadcast. you cannot cut your way to deficit reduction. i am quoting he directly. let's try that again because you probably did not believe your years. you cannot get away to deficit reduction. your reaction? >> i'm speech was, quite frankly. i mean, if that -- if she believes that to be true, then she believes he can grow your way out of problems and there is no growth rate that is going to match the 22% projected increase in insurance subsidies under obamacare. or she believes she can taxer way out, and there is no way our economy can bear to double the federal tax levels from 18% of gdp the 36. that is what it would take. so the reality is that the bulk of our problems during the spending, both in the near term are we have a sequester and a
longer-term where this is all about getting the entitlement programs under control. lou: getting the entitlement programs under control seems like a distant and remote fantasy with a president who is willing -- i mean, he has issued an ultimatum. he will be the cause of going over the fiscal cliff. i don't know what the republican leaders cannot hang onto that thought. they will be watching him, the reaction to the ultimatum, he will be sending the country over the fiscal cliff over what will amount to 8% of -- replacement of 8 percent of the deficit for fiscal 2013. it is mindless. >> as i said, i am quite nervous about this. i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard frm the president is a hard-line was no
negotiation on the tax side and not one word about the entitlement reforms that would ha to match that for this plan to make any sene. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again that i think our marks against this lame-duck session lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. it's a big spending cut. more mportantly, if you look at the debt ceiling debate, we saw a sharp drop in consumer confidence and we saw that today in the december number. a sharp drop in consumer confidence, and you also will see a big financial market disruption. those are genie's you cannot stick back in the bottle and
lead to drags in the mainstream onomy. lou: always good to have you with us. thank you very much. >> thank you. lou: up next, former ambassador, former director of national intelligence joins us here. shadowbox other, a former pacific fleet commander also among our guests. please be with us next week. stay with us tonight. angry liberal an accused hypocrite michael more sticks his nose into the michigan right to work fight. can you imagine that? the "a-team" is next. ♪ hey, travis... get some friends, ser! so, are you all right, man? yeah. let me help you out.
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♪ lou: mich., about to become the nation's 204th to right to work stateext week. michigan's republican governor says he will sign the legislation after a final vote tuesday. coincidently, president obama will be traveling to a detroit auto plan monday. the trip announced wednesday as part of an effort to drum up
support for hiking taxes on the rich. you would think you'd have to campaign for that. the esident also opposes what it -- right to work laws. maybe it is more than a coincidence that he will be in michigan. in the meantime, angry lieral michael moore's sounding off on the latest right to work developments in michigan. the filmmaker and a major meltdown on twitter writing he was enraged. he call on people to revolt. if you write, direct, added, shoot, or do sound for me and my next movie you will not work for me unless you belong to the union. but the thing that surprised me there is, i thought you alredy had to be a union member to work on his movies. he may be hearing from a few unions themselves. george zimmerman, the man accused of killing a florida teenager martin is suing abc news coming the network tried to portray him as a racist in order to boost ratings. zimmerman took issue with other network edited his 911 call on
the night of the shooting in february. this is what the network aired. >> this guy looks like h is u to no good. he looks black. lou: wow. that's remarkable editing because this is what he actually said to the 911 operator. >> this guy looks like he is up to no good are on drugs or something. it's raining. walking around looking about. >> okay. white, black or hispanic? >> looks like. lou: it turns out to left quite a bit out of that dialogue, and they? the lawsuit seeks an undisclosed amount of damages. nbc denies any wrongdoing. they have not apologized. critics are slamming president obama and his inauguration committee for announcing they will accept corporate money to pay for three days of festivities in january. can'twait. a reversal from the president's policies just four years ago. back then he banned corporate
donations, limit individual contributions to a mere $50,000. of course, it tossed -- cost taxpayers quite a chunk. critics say the move gives the appearance the corporate donors would get something in return for their money. it can be. up next, democrats applauding a deceptively lower unemployment rate as the fiscal clef years. the "a-team" is here next. we will be talking with them. right here next. ♪
columnist. good to have you all with this. let's start with this one because in the fiscal clef nancy pelosi today, and i just have to harp on this, saying you cnot cut your way to deficit reduction. i mean, as i aid, i think yogi berra would be roud of that little paradox. >> nancy, you keeping in at. you keep thinking that. huntington butch cassidy and the sundance kid. butch cassidy, really both sides on this as we teeter toward going over the fiscal cliff. i'm like robert redford. and the sundance kid. i can swim. and the american public. you're going to take as always. you know what, it's amazing that they dont seem to give a damn. i mean, they're going on christmas break. the president in 21 days, golfing. a lawsuit, the indonesia, the island of hawaii. and maxine andrelaxing while we
slid down the abyss. lou: it seems to me, sherry, as the republicans cannot quite figure out how to say, this is the president's decision. it's his ultmatum, and it's his choice. why can't they say that? >> because there is no guarantee that it will turn out well. there is a mediathat will try and blame republicans no matter what. plus boehner could go in and cut a deal but he did you lose his right flank on this. starting to think it's a better deal for the rublicans to of vote present, let the president on this completely. lou: agree to raise taxes. >> now. his thing. mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are calling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they on't want that to come to a vote. there might be something there. i'm thinking that might maybe
make him on it and let the chips fall where they make. elections have consequences. at that right nw. lou: i think we all agree about consequences. certainly. your thoughts on this? does it look to you right now like we are goingto avoid this fiscal cliff? the president, but the brilant idea? it's interesting how he does this. he initiates an ultimat and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes, and the polls show that the american people are proud and -- probably going to blend republicans now matter what happens. lou: slightly. >> therefore i think that is what you're seeing with president obama's attitudehere. lou: does irritate you to think that they are going to blame the republicans denied republicans are basically saying, you know, we are going to step back because you're going to blame us instead of coming up with an answer, a rejoinder to the
resident's going after them. and they don't have a strategy. they don't have a message. they don't want anybody to think badly of them. >> he is back to being a community organizer. getting in their face. that's right. whether you like cannot. and then he steps back, you said. and he sets it off, and the republicans to my who's going to handle this one. finally, the shot caller is boehner. the way he should get barack because he loves to smoke cigarettes and you know michele with those pythons will choke him. golf with me. put your ssice. siid's service agent. he has that chesterfield no filters, and we will negoiate this will smoke and a few paxson and a comeback. that's how they are negotiated. lou: and as he said, we will come back and continue this negotiation in just moments. stay with us. ♪
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♪ lou: back with the a-team, and i want to turn, if i may, to george zimmerman suing nbc because of the outrageous job of editing, they did, in my opinion, outrageous, clearly, intentional. what do you think the chances of are prevailing? >> oh, damn good because nbc, says, oh, oh, the videographer, audio, video edit, it's, you know, he just snipped it in the wrong place. they'll blame the engineer, the video and the audio editor opposeto blaming their politics over it. lou: you agree? >> i see settlements, big time settlements, and i would settle if i were nbc. lou: what do you think? did we need a deep peek into the interworkings of nbc news? >> well, you know, possibly. yoin if he could win or lose,
but it will n happen again at nbc or anywhere else after this. lou: i might want to get on the other side ofhat t. there's seriously committed ideological operars in afew places that might just, you know, morous is a hard thing to constin. the supreme court taking up the cases the defense of mairmings act, proposition eight, and there's a supreme court decision on gay marriage. >> let's go for it. most of thos judges are married. if they determine that gays and lesbians should suffer like the rest of us heterosexuals who should be married. i fell in love, marry them, and they kick me to the curb. you have a right to suffer too, across the nation. lou: on board with the convention? >> well, i don't know, look,
what this does is give social conservatives the fight they want, and the plat tomorrow -- platform they want to air this, and so, for them, they look at this as a good thing because it's a fight they wanted for some time. other people might not like it very much, but people who feel strongly on ether side, both sides,ment this fight. -- want this might. many in the middle rather w not deal with it. it will be interesting. lou: a lot of folks in the country who don't want to deal with any issue of my kind, but this presents itself to the supreme court. your thoughts on it, judy? important enough in your judgment to see a quick decision by the court? >> well, apart f from being the divorce lawyers full employment act, apart from there, i think the course could choose a narrow proceed interpretation. they may decide just some things with respect to the california law. i'm not sure the court wants to
tackle the issue because it is contrrversial right now. lou: is our shannon pointed out, taking on proposition 8 and the defense of marriage act. it looks like it might be a little broader than we might have expected. >> it could be, but they have narrowed a broad, potentially brd, decision before. you have two swing justices here. the chief justice and, you know, obviously, the other guy that everybody's watching, but i don't think you can predict this one. adam, a really well-respected legal scholars, thinks they would narrow it, and i suspect he's right. lou: going through a lot of trouble, creating controversy and hoopla for just a little thing. you know, it's the day of big issues and little results. you got to love it. when it comes to love and marriage, they have the urge to merge on the supreme court, merging them together. we love that. lou: very quickly, t